Top stablecoins shrink as crypto cash flees, posing risk to bitcoin's bounce

USDC leads the decline in the market cap of top stablecoins, posing risk to crypto market valuations. What to know : The combined market value of leading stablecoins USDT and USDC has fallen to about $257.9 billion, with USDC leading the decline. The shrinkage suggests investors are cashing out to traditional currency rather than staying in crypto, which could weaken or slow price rebounds for bitcoin and other tokens.